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Wednesday, June 18, 2014

EU mergers and takeovers (June 18), (NASDAQ: FDML), (NYSE: HON)

The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS-- U.S. firm Federal-Mogul Corp to purchase part of the friction materials business, including the European friction materials business, of Honeywell International Inc (approved June 16)-- Canada Pension Plan Investment Board (CPPIB), Peruvian engineering company Grana y Montero and Spanish gas network operator Enagas to acquire joint control of Peruvian gas pipeline operator Tecgas Inc which is now solely controlled by CPPIB (approved June 16)

Federal-Mogul Holdings Corp, formerly Federal-Mogul Corporation, is a global supplier of technology and innovation in vehicle and industrial products for fuel economy, emissions reduction and safety systems. Shares of FDML fell by 0.45% or $-0.09/share to $19.74. In the past year, the shares have traded as low as $9.32 and as high as $23.62. On average, 178081 shares of FDML exchange hands on a given day and today's volume is recorded at 5862.

Honeywell International Inc. (Honeywell) is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation. Shares of HON fell by 0.52% or $-0.49/share to $93.81. In the past year, the shares have traded as low as $76.15 and as high as $96.49. On average, 2702930 shares of HON exchange hands on a given day and today's volume is recorded at 100560.



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